AI-synthesised
Berlayer Drive GLS Sets RCR Record; En Bloc Rules Eased for Developers
Published 5 August 2026 · Covers news from 4 Aug to 5 Aug
A single $576 million bid for the Berlayer Drive waterfront site has set a new RCR GLS price benchmark, while updated ABSD rules are extending timelines for large collective sale projects. Separately, private and HDB rents continued to edge upward in 2Q2026 despite new housing supply entering the market.
- The Berlayer Drive GLS site attracted just one bid — from Intrepid Investments and GuocoLand — at $576 million ($1,515 psf ppr), setting a new benchmark for RCR residential GLS sites. Analysts note that developers are becoming more selective with land acquisitions, even for sites with long-term Greater Southern Waterfront potential. [1]
- Singapore's new ABSD rules now give developers of large collective sale projects six to seven years to complete and sell units, extended from the previous 5.5 years. Stacked Homes reports this could improve en bloc viability for older condos, though buyers are cautioned to remain careful when eyeing such properties. [10]
- According to Realion's latest report, private residential rents rose 0.7% in 2Q2026 while HDB rents grew 0.4%, with tighter supply and steady tenant demand keeping both markets on an upward trajectory despite more homes entering the market this year. [3]
- A Stacked Homes analysis of Singapore's 30 highest-yielding condominiums found that after accounting for property tax, maintenance fees, and mortgage repayments, none of the top rental projects fully cover their ownership costs — a material consideration for buyers evaluating investment properties. [2]
- A Bishan executive maisonette has transacted at $1.65 million, placing it among the five highest HDB resale prices recorded, underscoring continued strength at the top end of the public housing resale market. [6]
Sources
- [1]This Prime Waterfront Residential Site Drew Just One Bid — But Still Set A New RCR GLS Price Record
Stacked Homes · 04/08/2026
- [2]
- [3]Why Rental Prices In Singapore Are Still Climbing Despite More Homes Coming This Year
Stacked Homes · 04/08/2026
- [6]Bishan executive maisonette just sold for $1.65 million — among five highest HDB resale prices - EdgeProp Singapore
Google News — Singapore property · 04/08/2026
Note: This insight was AI-synthesised from the sources above. SifuProperty does not predict prices or recommend buy/sell timing. For decisions on a specific property, talk to a CEA-registered agent. Nothing here is financial or investment advice.